According to online reports, according to a memo released by the White House, David Sacks, head of artificial intelligence and cryptocurrency affairs, sold more than $200 million in digital asset-related investments through himself and his company Craft Ventures before taking office. Of this, at least $85 million is directly attributable to Sacks, but Craft Ventures still holds some fund investments involving crypto assets. Sacks emphasized that the assets were sold to "avoid any suspicion of conflicts of interest." Sacks sold all of its holdings in Bitcoin, Ethereum and Solana, and emptied its shares in the Bitwise 10 Crypto Index Fund, Coinbase and Robinhood. In addition, he has also begun to withdraw from limited partnership interests in crypto investment funds such as Multicoin Capital and Blockchain Capital.